BANGKOK, May 13 (TNA) - The Thai currency has hovered around Bt37 per US dollar over the past two weeks and is likely to continue to stand at the level next week, according to the KASIKORN Research Centre (KSC).

The Bangkok-based research house projected on Friday that the Thai baht would move around Bt37.5-37.9 per US dollar during May 15-19.

Over the past two weeks, the Thai currency had hovered around Bt37.8 per dollar.

The stable baht is due to a steady demand for the Thai currency during the period, the leading think tank noted.

KRC indicated, however, that such external factors as key economic data of the United States to be released next week, including the country's capital inflow figures for March, as well as consumer and producer price indices in April, could affect the direction of the Thai currency.